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Card Factory confident after good Christmas

Thursday, 26th January 2017
Card Factory expects full-year underlying pre-tax profits will be slightly ahead of market consensus after a good Christmas trading period and against a strong comparative.

The group said this was driven by a combination of like-for-like sales growth and new store roll out.

Year-to-date like-for-like store sales growth improved to 0.4% (11 months ended 31 December 2015: +2.8%).

Against a strong prior year comparative, Card Factory stores delivered a good Christmas trading performance with cumulative like-for-likes for the fourth quarter of the financial year returning to the historic range of 1% to 3%.

A trading update said: ", ourtransactional site, continues to grow from a low base.

"Including sales from, total Card Factory year-to-date like-for-like sales grew by 0.5% (11 months ended 31 December 2015: +3.0%)."

Card Factory said the board was confident of delivering full year underlying profit before tax for the current financial year slightly ahead of analyst consensus.

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